What Are the Best Ways to Invest in Gold?

Interested in investing in gold?

Gold is one of the most valuable metals in the world. It’s also one of the oldest forms of currency and has been used as money for thousands of years.

Today, gold is still considered to be an excellent way to diversify your portfolio and protect yourself from market volatility.

There are many ways you can get started in gold investing. You can buy actual gold pieces, you can purchase a Gold Exchange Traded Fund (ETF) or you could invest in one of the many mutual funds that specialize in gold.

And now is the perfect time to invest in gold because prices are low! You don’t want to miss out on this opportunity!

Here is a list of the best ways to invest in gold:

1. Gold Coins

There are many different options available when it comes to buying coins. You can purchase bullion coins or collectible numismatic (or vintage) coins as an investment.

Usually, gold coins will be more expensive than other types of investments like stocks, but they also offer better returns over time due to their scarcity value and historical significance. It’s best to research all reputable coin dealers before making any purchases.

There are also many unofficial gold medallions, coins, and pieces of bullion made right here in the United States by private mints. These items however should be purchased with caution as some have been found to contain little or no precious metal content at all.

They are often referred to as “copycat” or “replica” products and they can look very similar to the real thing but, only an appraiser familiar with these types of rare items can tell if one is fake from a distance.

2. Gold Bars

You can buy gold bars from banks, gold dealers, online, or from coin shows. These are useful options because they allow you to get physical gold pieces that may appreciate over time, unlike certificates that do not increase in value after being issued by a bank.

Also, because bars come in varying weights it allows you the option of creating your own “stack” or “pile” of gold that you can easily sell at any given time.

3. Gold Mining Stocks

While it is generally preferable to invest in physical bullion rather than paper promises, you can also buy shares of companies that mine for bullion (the most popular way to gain exposure to the gold price).

4. Gold ETFs or Fund

One of the quickest ways to invest in gold is by purchasing a Gold Exchange Traded Fund (ETF). These are funds that are designed to track the price movements of gold.

There are many different options available, but if you choose an ETF make sure it has low fees and high liquidity. You can purchase them much like you would any other stock exchange.

5. Mutual Funds

Another convenient way to invest in gold is by investing in mutual funds. The main difference between these and EFTs is that they often have higher management fees, but they also tend to be more stable over time.

When you buy these types of funds, you pool your money with others and give it over to a professional money manager who will then determine how best to balance your portfolio with various strategies.

Once again, these options can be great if they focus primarily on small-cap or mid-cap stocks, which are less likely to be affected by the volatility in the larger stock markets.

6. Precious Metals Mining Companies

There are also mutual funds that specialize in mining for gold and other precious metals. These are excellent because they allow you to own shares in all of the different mines within a particular sector instead of purchasing several individual mines yourself.

7. Gold Certificates

Though these may not technically represent physical ownership, many investors use these as a means of investing because they can easily be turned into gold bullion. Plus, there is typically a much lower premium on them than traditional coins or bars.  

8. Gold Futures Contracts

This option requires some expertise and could potentially lead to significant losses if not handled carefully. While this type of investment is not for everyone, experienced traders can profit from this market by purchasing futures contracts that let them lock in a purchase price in the future.

9. Jewelry

There is a large market for gold jewelry. Gold has been a symbol of wealth and prosperity, so it is often used in these kinds of pieces. The price varies depending on the piece but because gold prices are constantly changing you can potentially get a very good deal if you know when to buy and sell your gold pieces.

10. Streaming and Royalty Companies

These companies generally offer investors a dividend and most pay-out monthly. Some of the most reputable mining companies that pay dividends to shareholders include New Gold (NGD) and Agnico Eagle Mines (AEM).

Want to Learn More Ways to Invest in Gold?

After reading this article, you may have a better understanding of the best ways to invest in gold. Gold is one of those things that people don’t know much about and they often wonder if it’s worth investing in or not.

The advice we’ve shared with you should help make your decision easier!

We hope you have found these tips helpful and insightful – Please check out the rest of our blog for more advice on how to invest in gold, and investing for beginners guides.

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